Fla. bill on advisory-firm regulations gets Legislature's approval

05/5/2013 | Financial Advisor online

The Florida Legislature has given its approval to a bill that would allow financial-advisory firms to relocate or open a new branch in the state, as well as change their broker-dealer affiliation, when they notify the Florida Office of Financial Regulation. If signed by the governor, the legislation will bring Florida into line with other states by replacing the current system, which requires firms to wait for regulatory approval for such changes. The state would have 30 days to disapprove a change after receiving notification.

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